Category Archives: Rental Business

Unable to sell your heavy equipment – Try renting them

It is quite difficult to sell an expensive item how old it may be. You may just not get any buyers and this could be really frustrating at times when you are in dire need of money. At the same time, you may want to get rid of an expensive stuff that you no longer need but you are also not ready to sell it at a dirt cheap price which is why you are not getting more buyers. The people who are interested to buy the item often show their displeasure after knowing the price of the item.

People belonging to the construction industry have often experienced this kind of situation when they are hunting for buyers to sell their heavy equipment. Either you have to sell it at a cheaper rate or you just won’t get more buyers. The reason is simple. People who would be interested to buy a second hand heavy equipment will normally be small time contractors or small construction companies who have just begun their journey in the construction sector. They will have many strong reasons will not want to buy a machine that is though quite useful to them in their business is nevertheless expensive and out of their budget.

If you are part of such a situation it will be prudent for you to give up the idea of selling the machine and think about renting it. In this way, you can earn money on the machine and then the day you feel that it has gone real old and you will not mind selling it as scrap, get hold of a scrap dealer and finish the work. Till then stick to the idea of giving it on rent and earning money without having to do much. Many big construction companies who have lot of heavy equipment under their possession normally lease their machines to small contractors who in turn work for them in their projects. In this way, the machine is used for his construction work and he also manages to make good money out of it.

If you are not a giant construction company and do not possess too many machines to follow the above idea, you can play it smart by renting it to other contractors. You will find many such people who are in hunt of guys willing to lease their machine. You have to just talk to people about it. Talk to your friends who are contractors that if they know anybody who is looking to take the machine you have on rent. Try to spread it across to as many people as you can and you will get responses. Try to give a reasonable quote that is acceptable to the other party and if all sounds good then you should go for the deal.

Before you rent your heavy equipment please try to refurbish it by painting the machine and making it look new. People expect a machine that works and you need to ensure that the parts in the machine are in good condition and it will work for the period that it will be on rent.

Things You Should Know before Renting a Bulldozer

Bulldozer is very important heavy equipment commonly used in construction industry. They are powerful machines, which can effectively remove the stumps and boulders, help in demolitions, aid in excavations and can raze brush. They are often used in clearing of large acres of forest land to be converted into a productive area. It is often observed that construction industries prefer buying it on rent or on lease. While first time buyer may not be aware of such options. Many a times, after purchasing a brand new bulldozer, the user is not satisfied by its working or finds it limited in its functions. Purchasing a new bulldozer is a very expensive, hence it may be wise to take it on rent especially in case of first time users

 

The following are some of the tips for the buyer before renting a bulldozer:

  1.  Purchase of equipment which is in good health:

Although it is used equipment, buyer must take care that the equipment must be in good health. Very old equipment if taken on rent may operate sub-optimally during the rented period. This may lead to unnecessary expenditure due to repairs. Hence the used equipment not more than 5 years and in working conditions must be selected. The buyer should inspect the machine thoroughly for extent of wear and tear. Check the engine, leakage problems if any, welded parts (sprockets, tracks and arms), working of gear and brakes, rollers, and perform oil analysis.

 

 

2.  Nature and length of work :

Buyer should know the exact nature and volume of work. This will enable selection of an appropriate model of bulldozer. It is essential that buyer should know the exact period of requirement of rented bulldozer, since it needs to be mentioned in the agreement.

3.  Product specifications:

Among the different types of equipment models present, buyer should determine the size and shape of bulldozer. Choosing the right type which is best suited for the nature of work is necessary.

4.  Requirements and limitations of a used bulldozer:

Bulldozer has to be filled with fuel at least 3-4 times in a day and its parts needs to be greased at regular intervals. This machine has to be checked daily for maintenance issues. Bulldozer has a limitation that it cannot work throughout the day. Hence, the buyer should determine the extent to which a used bulldozer can work effectively. Further, it is necessary to know if the site conditions are suitable for the bulldozer to work, since it cannot work on any terrain. The tracks of bulldozer need to be often cleared.

5.  Safety requirements:

Bulldozers are huge equipments and one needs to follow instructions before operating them. They are dangerous equipments and should not be used without following instructions. Since mistakes committed while operating these machines can lead to accidents. The buyer should become familiar with its parts and the way it operates before using it. If the buyer is not familiar or comfortable operating bulldozer, then should hire an experienced bulldozer operator. Further, buyer should ensure safety by wearing safety belts, ear plugs and dust masks to prevent health problems.

6.  Expenses incurred:

Before taking bulldozer on rent the user must be sure to bear the expenses in form of rental cost, hired operator cost, maintenance costs, fuel and greasing costs, and cost of safety aids. Rental expenses vary since it depends on the length of the rental contract and age of the machine. To know the appropriate rental cost, buyer should compare prices by referring to websites. During the rental period, it is responsibility of the buyer to to maintain the machine well before handing it over to the service provider.

Overall, renting of bulldozer is beneficial since is cost-effective for construction companies and in cases where the bulldozer is required for short duration of time or for seasonal work (thereafter it is of no use). It allows the buyer to discover if the selected model has application for the intended work.

Following these tips can guide buyers in purchasing appropriate bulldozer on rental basis and get the job done well.

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Renting a motor grader has now become simpler

Construction of roads has now become a healthy business and many small contractors are lining up to get a piece of the cake. They want the road construction projects to be given to them so that they can make good money once the work is done. The overall cost of the project is understandably much lower than the actual contract price which is why contractors find it to be a comfortable one to get into. Now in the road construction project, motor grader plays quite an instrumental role. The primary function of the motor grader is to grade a piece of land and level it so that while you go to construct the road, there is no unevenness found on the surface. This process is normally done before placing asphalt on the surface of the road. In a nutshell, without the application of a motor grader, you will not be able to construct good wide roads.

Though these graders are not so expensive to buy but still contractors prefer to take them on rent. The reason is these machines are not used through the road construction process. It is only used wherever some sort of grading work is required. Alternatively, if someone owns a motor grader, he may not use it always. The need of a grader is quite specific and once the need is fulfilled the machine is left idle for most of the time. Therefore it makes absolutely no sense to buy a machine that has a lot of importance while building roads but has a very specific purpose attached to it and can’t be used for multipurpose work. The best option is to take it on rent for few months and once the work is done and you no longer need the machine, you can give it back to its owner.

This limited need of the machine gives rise to another form of business and that is renting of motor grader. There are some companies who buy graders in bulk and then they let it out to the ones who need them for road building. These companies work in close nexus with contractors who are primarily engaged in road construction work so that if ever anybody requires a grader, they can make it available for them. The rental amounts they charge from these contractors are a bit lesser than the rentals charged normally.

Now for individuals who have bought a grader and do not need it for some time can rent it on websites or can simply approach these companies who in turn will route the machine to someone who needs it. They may charge a certain amount of fee for their services. An individual can first try it out on a website and check if he gets some response and in case if things do not work out for him there, then he has these guys who can get it done for him. Overall, a grader is such a machine that has pretty decent demand in the construction arena and will never find it idle if someone wants to rent it out.

Renting a Scraper

Companies which are ideally into earth moving business find Scraper as quite crucial heavy equipment. They may use other heavy equipment as well but a large portion of their business is covered with the help of a scraper. They can’t depend on an excavator or for that matter a grader which is also highly used for landscape or site development work. They need to get the dirt out of the site and for that reason they need nothing less than a scraper. A newbie should rather invest his money into buying machinery that matters the most for his business; for instance, hiring human resources. As far as heavy equipment are concerned they can also be picked up on rent. This brings us to the topic of how big is the rental business when it comes to heavy equipment.

A person who has just set his foot in the construction domain and is finding it hard to come up with the expenses to meet his business requirements, it makes no further sense for him to spend anything on scraper, especially when he has the option to get a Scraper on rent. So is searching an owner who wants to rent his scraper a difficult task. Well, it is not at all a difficult one. All you need to do is go through the right channel to get the scraper you want. You basically have 2 options. The first one is by contacting an rental house who provides different kinds of heavy equipment. So going to him will be useful as you can speak about your needs and you will be suggested accordingly.

Taking help of a rental house also serves another purpose. They may guide you with the best available option which is not possible in any other mode. Just in case you are not sure which model of scraper you should be going with, the guidance of the rental house proves to be fruitful. If the rental equipment company is into this business for a long time, he may have well established contacts with the owners of heavy equipment which mean that you do not have to wait for long to get the scraper and start your work. It also protects the interests of both the parties. So if there is any sort of issue that crops up after the deal, you know whom to catch hold of.

The second option through which you can get a scraper on rent is by becoming a member of an online website that deals with renting heavy equipment. In this case, you need to know the kind of stuff you want for your business as you will have none to advice you. So do your research well and then hunt for the scraper. The online companies tend to protect the interest of both the parties but may not be as effective as the first option. So you need to be sure of what you are doing.

Online platforms have made renting heavy equipment easier

Many newbie after starting their business in the construction domain has experienced the problem of shortage of heavy equipment. It is because of this issue they lose many important projects that can be a life changer. This is when they feel dejected and some are even forced to shut down their offices. Well, as a matter of fact, things are not that bad as it may seem to be for guys who really want to make a career in this profession. Unquestionably, heavy equipment is very expensive but that does not mean that one can’t operate his business just because he can’t afford to buy them. Well, if you can’t afford to buy them you can definitely afford to take them on rent and that is the most viable option you can take to carry on with the business.

The question is how one can trace people who are renting their heavy machinery. This was a difficult job few decades ago but after the inception of internet that has taken over the entire globe this is no longer a challenge. There are numerous online platforms that are helping people to meet their business needs. It was not that the taker was experiencing the problem of not finding someone who is ready to let his machine but the owner equally experienced the same issue. However, with the advent of internet a lot of these problems have come to rest.

All you have to do is register yourself with an online platform that deals with buying, selling and renting heavy equipments. There are also other online portals that deal with almost everything. So you got to first ensure that you have reached the right platform. It is advisable that you register yourself with a website that exclusively deals with heavy equipment. Such online portals can be very useful as you will get to see heavy machinery of different brands and of different types. You will not be restricted to just one type of machine. You can just search for the thing you are looking you will get all under one roof. This was not possible before internet could make its presence felt to the people from the construction industry.

Though internet has been helpful to many people from all walks of life, but if we limit our focus to guys from the construction and heavy equipment domain, this technology has been nothing less than prolific. There are few instances where some buyers were cheated by fraudulent sellers but the online portal owners are looking into these cases and making their laws stringent so that rights of both the buyers as well as sellers remain protected. Frauds can happen in any industry and in any kind of environment. The rise of internet should not be blamed for any fraudulent activity. On the contrary, norms should be made so that renting heavy equipment online can happen risk-free and more people can reap benefit from this technology.

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Make use of right platforms to rent your heavy equipment

When you are dealing with highly priced items, it is very important that you follow the right platforms to deal with them or else it may lead to various sorts of complications in the future. It may also lead to losing the heavy equipment forever. In order to avoid any confusions or hindrances, it is crucial that you follow the right platforms and you will find things going your way. Construction equipment is quite expensive. You buy a machine for thousands of dollars and put it to use for few years. After which you feel the need to upgrade your arsenal and have to do away with the old machine. However, if you are not a filthy rich guy, it will definitely pinch you hard to just let go the old metal. If possible you may want to retain the machine but if you do not see any use of it, then there is absolutely no point in keeping the junk with you.

In such a situation it is prudent that you let-out the machine to another user and collect monthly rent from him. In this way, you still possess the equipment and also have put it to use and simultaneously getting good money as rent. Now, when you talk about renting the machine, it is quite imperative that you follow few parameters that will let you rent the equipment without any risk of losing it. Following few essential parameters means that you rent the machine through proper channels and by following right set of rules.

First and foremost you should be checking the right channel through you can search takers who would be willing to take your machine on rent. You can depend on newspaper classifieds or websites that exclusively deals with heavy equipment. Most of the websites that deals with purchase and sale of heavy equipment also works in the sphere of renting them. You have to classify one such website that is pretty famous within the masses. By posting the heavy equipment in that website will increase its viewership. People from across the country will get access to check the ad and anybody is interested will get in touch with you. You can then decide if you want to ship it to a different city or want to give to someone who is from your city.

You may charge the shipping cost from the taker but that has to be informed to him in advance. One more thing that is more important that discussing the shipping cost is the rent amount and the period for which they are seeking to rent the machine. Also, you got to state them very clearly the duration at which they need to service the machine. If the machine will be used extensively then servicing the machine should be more frequent. Make sure that you prepare a proper rent agreement with the taker and mention all the valid points that you guys have agreed to in the agreement. Once the agreement is signed, you can ship the machine to the taker.

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Heavy Equipment Guys

For beginners – Don’t buy heavy equipment. Rent them

Beginners joining any profession have to be really careful on the expenses they are making on their business. They might have extremely no control on their expenses as they may not understand how to block the flow of expense. They have to take care of a lot of recurring and non-recurring expenses and while they do so, they may completely lose track of the money left in their bank account. One fine day, they may find their bank account showing very less balance and may foresee lot of expenses to clear. They may find themselves to be in a very tight position and therefore it is important that they refrain from doing any expenses that is not much needed for the smooth running of the business.

To be more precise, if you are in the construction business, you got to be more cautious than ever. For timely completion of projects, you got to possess heavy equipment that are very expensive and if you do that then you tend to spend a good portion of your money for procuring the machine. This may leave you with very little money to meet other business obligations. Hence, it is advisable that if you are a beginner in the construction industry, do not spend your money in buying heavy equipment. On the contrary, you can take them on rent. That will turn out to be a good deal for you where you do not have to spend a bounty and things will be very much in your control.

Identify the heavy equipment you may need for your project:-

It is very crucial to know what type of heavy equipment is required for your business. As long as you do not know that, moving ahead will be difficult. Take guidance from people in the industry if you have any or join some blogs where you can put your questions about heavy equipment to them and you might get real good replies which will prove to be very helpful to you. Once you have identified the heavy equipment, the next goal will be to check the rental price of the machine. Not every owner of the equipment will rent it at the same price. The rental price of the machine may vary keeping into consideration the quality of the machine, the period for which it has been used. In other words, if the machine is not much older then you may have to pay more rent. However, if it is an old piece then you supposedly have to pay less for it.

Go to online portals to check the machine:-

Owners list the heavy equipment on websites that deals with selling and renting of construction machineries. Going to such websites will be really helpful to you as you will get to see a lot of options at different prices. You can then select the one that you seek to have and speak with the owner. If possible you can negotiate the price and try to bring it lower. You will end up getting a good deal at a considerably lesser price.

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How to rent off-road articulated trucks

Heavy equipment always has a pretty decent sales value attached to it. This is why people do not mind paying more for equipment that will last for long and at the same time will fetch them a good price while selling it off. But selling the machine will be the end of the story and he can’t expect anything more once it’s sold. Therefore, there is something that can be done rather than simply selling the equipment. The machine can be put on rent if it is not required for the time being and once the tenure is over, it will be returned to the owner. It in fact makes more sense to let out your heavy equipment as you keep getting regular income and at the end of the tenure, you can let it out again at an increased price. Not just heavy equipment that are used for construction works but also trucks are widely let out across US.

A person can earn anywhere around $10,000 to $30,000 depending on the type of truck he has. It is simple to let out your articulated truck on internet. You only need to ensure that you have an account with an online portal that deals with letting you rent out of heavy equipment. There are some portals who only deal with selling heavy equipment and some deals with both selling as well as letting rent out. So you need to list it in the right place.

Articulated trucks are quite high in demand. It is because of their ability to carry loads of dirt at a go. It can also move on bouncy routes with the load on it. You seldom get a proper road on a construction site. More often, you have to carry the load on bouncy uneven paths. Using a normal can be a big pain for the driver but articulated trucks offer a bit ease to them while driving in such horrendous paths. Now if you have an articulated truck and you know the website where you can list the item, become a member and post the truck out there.

Few things that need to be remembered to catch the attention of the taker is how well you put down the information on the site. Just giving complete information is not much helpful. Putting it in the right way so that people find it easy to read must be your priority. Other than that, putting sufficient pictures of the truck is important. The look of the truck will form an impression in the minds of the takers and they might find your truck to be suitable over others. You can mention the rental value on the listing or can just state “Call for price”. This means that you will discuss the rental value over the phone or only when the taker likes the stuff. It also leaves both the parties with the option of negotiation.

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Heavy Equipment Guys

Want to rent/buy heavy equipment. Avoid involving middlemen

Heavy equipment are highly expensive items and people who deal with buying, selling or renting heavy equipment usually earns good commission out of it. However, the person who has to pay commission may not find himself in a comfortable environment to pay money just to procure machines. The buyer in this case pays to two parties. First it is the seller and the next is the agent. So eventually, he ends up paying more for the same item and therefore he may not be so happy with the transaction. On the other hand, the seller also needs to pay his part of commission to the agent. This means that the agent gets a good deal of money from both the parties. His part of work was to understand the needs of the buyer and then search for a seller who is selling exactly what the buyer is looking for and ultimately introduce both the parties to each other. He needs to push the buyer a bit to buy the machine and if he gets convinced, the sale is done and he gets the commission.

The seller does not have much to lose here as he gets rid of the machine and does not mind paying someone who has helped him to get it sold. The problem is with the buyer who has to pay for the heavy equipment and also to the agent. Now by any way if he can manage to get the agent out and deal directly with the seller he does not have to pay any cut to anybody. So just pay the price of the machine and it belongs to you. The difficult part would be to locate the seller who will have exactly the stuff he needs.

Well there is a solution to this. We have many online portals that deal with buying, selling and renting of heavy equipment. So all you need to do is become a member of one such website and search for the heavy equipment that you require for your business. You will find almost everything under the sun. Right from scrapers to loaders and from CAT to Volvo, you will find a seller for all kinds of heavy equipment. The important part for you would be to join the portal that does not charge any fee from the buyer. The seller usually does not mind paying a small amount as fees to the online portal.

There are also some agents who work in the same manner as the online portals do. There is no harm in using the service of the agents as long as they do not bill you for earning commission. So you got to be pretty sure that they are not charging anything from the buyer and if they do, make it clear to them that you do not want their service as you do not want to pay commission to them. Try to avoid the involvement of middlemen ad it can save lot of your hard earned money.

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Heavy equipment should be checked well before taking it on rent

We normally have the tendency to check the in and out of the stuff before buying it. We do this to ensure that we buy a worthy stuff and not a waste. Now when we are buying something for our business we need to be double sure that it is of good quality and will last for years. But do we have to check the quality of a product that we will be taking on rent. There should be no question that whatever we take related to our business should be of ultimate quality irrespective of us buying it or taking it on rent.

In the construction industry, companies often take heavy equipment on rent. Taking machines on rent is not a practice that is followed by the small construction companies or small time contractors but even big companies on many occasions have rented different types of equipment. They do it for a very simple reason. Construction companies deal with different types of projects for which they require different types of heavy equipment and it does not make any sense to any matured construction company to spend their money in buying heavy equipment when they have the option to get them on rent.

One of the fundamentals that one should follow before taking construction machines on rent is to check the machine well. If only the machine is in good standing that the company should be going ahead with the deal.

Locate the heavy equipment:-

Primarily you have to locate the heavy equipment that you need for your business. You can check with people in your business circle if they know anybody who is renting heavy construction machines. You can also try to get a review of the person so that you know the quality of machines he gives on rent. You can then call up the person and check if he/she has the machine that you need and if he/she has what you have been looking for then ask him to give you a time to inspect the machine. Do not give any commitment before you have seen or examined the machinery.

Check the working condition of the machine:-

The heavy equipment the person is showing you may look good from outside but you do not know its worth as long as you have not worked on it. Therefore, if you are a person who know to work on heavy machines should take a trial and check if it is working smoothly. Just in case, you do not have the technical know-how of heavy equipment it is advisable that you go along with a mechanic and an operator who will examine the machine and will give you precise suggestions. You should also check with the owner of the machine if they have recently changed any of its parts and has there been any issue with the machine that has been fixed by any mechanic. It should not happen that after you have taken it on rent and some problems resurface and you got to face the music.

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